share_log

Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 5 16:02
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Buffered Digital S&P 500 Equal Weight Energy Index-Linked Notes, which are due for maturity between 13 and 15 months after the trade date set for July 5, 2024. These notes do not pay interest and the principal repayment amount is contingent on the performance of the S&P 500 Equal Weight Energy Index. If the index's final level on the determination date is equal to or above 85% of the initial level, investors will receive a threshold settlement amount representing a return of 8.54% to 10.02%. However, if the index falls more than 15% below the initial level, investors will incur a loss proportionate to the decline. The notes are unsecured senior...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Buffered Digital S&P 500 Equal Weight Energy Index-Linked Notes, which are due for maturity between 13 and 15 months after the trade date set for July 5, 2024. These notes do not pay interest and the principal repayment amount is contingent on the performance of the S&P 500 Equal Weight Energy Index. If the index's final level on the determination date is equal to or above 85% of the initial level, investors will receive a threshold settlement amount representing a return of 8.54% to 10.02%. However, if the index falls more than 15% below the initial level, investors will incur a loss proportionate to the decline. The notes are unsecured senior debt securities, fully and unconditionally guaranteed by Citigroup Inc., and will not be listed on any securities exchange, indicating limited liquidity. The offering includes an underwriting discount, and the net proceeds will be used by Citigroup to hedge obligations under the notes. The pricing supplement, along with the accompanying product supplement, underlying supplement, prospectus supplement, and prospectus, provides details on the offer, which is not yet finalized and is subject to change. The notes are not FDIC insured, and investing in them involves risks not associated with conventional debt securities.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more